Czech National Bank Increases Position in Airbnb, Inc. (NASDAQ:ABNB)

Czech National Bank lifted its position in Airbnb, Inc. (NASDAQ:ABNB) by 6.5% in the third quarter, HoldingsChannel.com reports. The firm owned 89,633 shares of the company’s stock after purchasing an additional 5,501 shares during the quarter. Czech National Bank’s holdings in Airbnb were worth $11,366,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Joel Isaacson & Co. LLC increased its stake in shares of Airbnb by 2.3% in the first quarter. Joel Isaacson & Co. LLC now owns 2,986 shares of the company’s stock worth $493,000 after purchasing an additional 67 shares in the last quarter. Miracle Mile Advisors LLC increased its stake in shares of Airbnb by 0.7% in the first quarter. Miracle Mile Advisors LLC now owns 9,339 shares of the company’s stock worth $1,541,000 after purchasing an additional 68 shares in the last quarter. Farrow Financial Inc. increased its stake in shares of Airbnb by 1.0% in the second quarter. Farrow Financial Inc. now owns 7,171 shares of the company’s stock worth $1,087,000 after purchasing an additional 69 shares in the last quarter. Heritage Wealth Advisors grew its stake in Airbnb by 55.0% during the first quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock valued at $33,000 after acquiring an additional 71 shares in the last quarter. Finally, GYL Financial Synergies LLC grew its stake in Airbnb by 5.0% during the second quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock valued at $241,000 after acquiring an additional 76 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Trading Up 3.6 %

Airbnb stock traded up $4.56 during trading hours on Friday, hitting $129.85. The company had a trading volume of 2,988,440 shares, compared to its average volume of 4,518,248. The firm has a market cap of $83.63 billion, a P/E ratio of 17.38, a P/E/G ratio of 1.72 and a beta of 1.17. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The company has a 50-day moving average price of $122.16 and a two-hundred day moving average price of $142.50.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same period last year, the firm earned $0.98 earnings per share. Airbnb’s quarterly revenue was up 10.6% on a year-over-year basis. On average, sell-side analysts anticipate that Airbnb, Inc. will post 4.39 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Barclays cut their target price on shares of Airbnb from $110.00 to $100.00 and set an “underweight” rating for the company in a research note on Wednesday, August 7th. Mizuho cut their target price on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, September 13th. Benchmark reaffirmed a “buy” rating and set a $155.00 target price on shares of Airbnb in a research note on Monday, August 26th. B. Riley cut their target price on shares of Airbnb from $150.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Finally, TD Cowen lowered their price objective on shares of Airbnb from $170.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Five analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Airbnb has an average rating of “Hold” and a consensus price target of $134.16.

Insider Activity

In other news, Director Joseph Gebbia sold 42,719 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $126.48, for a total value of $5,403,099.12. Following the completion of the sale, the director now owns 16,472 shares in the company, valued at approximately $2,083,378.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Brian Chesky sold 115,385 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $151.95, for a total transaction of $17,532,750.75. Following the completion of the transaction, the chief executive officer now owns 13,914,302 shares in the company, valued at $2,114,278,188.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Joseph Gebbia sold 42,719 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $126.48, for a total transaction of $5,403,099.12. Following the transaction, the director now owns 16,472 shares of the company’s stock, valued at approximately $2,083,378.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 672,631 shares of company stock worth $91,006,602. 27.83% of the stock is currently owned by corporate insiders.

About Airbnb

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.